GNP Realty Partners was named a 2016 Green Lease Leader at the 2016 Building Owners and Managers Association (BOMA) International Conference & Expo. GNP was recognized along with the Institute for Real Estate Management (IREM) and the National Association of REALTORS® (NAR) for the best small Team Transaction. The small Team Transaction award category recognizes collaboration among owners, tenants and leasing agencies to incorporate sustainability elements into the operations of leased spaces.
“Commercial building tenants increasingly value sustainability when seeking to lease new space—whether to lower capital expenses, attract and retain employees and customers, or to achieve corporate social responsibility goals,” said Dean Kutrumanes, owner and CEO of GNP Realty Partners. “Unfortunately, in many cases building owners and tenants do not integrate sustainability into the lease process due lack of awareness. We are very proud of the partnership between GNP Realty, IREM and NAR to help lead the way in the green lease movement.”
Green Lease Leaders was established by the Institute for Market Transformation, a nonprofit organization that promotes energy efficiency in buildings, and the U.S. Department of Energy’s Better Buildings Alliance. IMT estimates that green leases can reduce utility bills by up to $0.51 per sq. ft. (11-22%). If all leased office buildings executed green leases, the U.S. office market could save over $3 billion in annual cost savings.